Construction equipment suppliers are the companies that make construction equipment. The world’s biggest construction equipment suppliers are Caterpillar, Hitachi Construction Machinery Company, Komatsu and XCMG Group. If you are looking to buy construction equipment, you’ll want to shop for the best suppliers possible. Finding the best supplier will save you money in the long run.
Caterpillar is the world’s largest construction equipment supplier
Caterpillar is the world’s leading supplier of construction and mining equipment, diesel engines, industrial gas turbines and diesel-electric locomotives. The company also provides services throughout the product life cycle. With a strong commitment to customer service, Caterpillar provides cutting-edge technology and solutions to help customers build a better world. Since 1925, Caterpillar has been driving positive change across every continent.
Caterpillar is an American multinational corporation headquartered in Illinois, USA. The company’s sales in 2017 were approximately US$32 billion, accounting for 13.8% of the total market. The company’s diverse product range includes excavators, wheeled loaders, skid steer loaders, motor graders and backhoe loaders. Komatsu is the world’s second largest construction equipment supplier, with a total revenue of US$25.3 billion. It operates throughout the world, and is particularly dominant in its home country of Japan.
Caterpillar’s corporate governance structure includes an independent board of directors and a CEO who reports directly to the board. The company is also managed by several vice presidents and group presidents. The company has a code of business ethics published in 1974 and updated annually. The code is designed to promote corporate honesty and integrity. Employees are retested annually to ensure they adhere to the code.
Hitachi Construction Machinery Company is the second largest
Hitachi Construction Machinery is a Japanese company that produces construction equipment and machinery. Its products range from mining and tunneling equipment to recycling machinery and ultrasonic measuring instruments. It also offers leasing and maintenance services. Their products are used by various industries, including construction, mining and retail.
The Hitachi Construction Machinery Company reported US$8.8 billion in sales in 2021, up from $8.5 billion in 2017. The company also announced that its joint venture with John Deere will end in 2021, and that it will focus on manufacturing heavy equipment and other equipment. In addition, Sandvik Mining and Rock Technology (SMT) is another large construction equipment supplier, with sales of $7.2 billion. In addition to its mining equipment, Sandvik has diversified its portfolio by acquiring 14 businesses.
China is expected to account for the largest share of this market in 2021. The country is investing heavily in rural construction projects to promote rapid urbanization, as well as in public-private partnerships to boost demand. Moreover, China’s government is implementing various projects to promote globalization, including the ambitious One Belt One Road (OBOR) project and the 21st century Maritime Silk Road. The combined impact of these developments is expected to propel the construction machinery industry worldwide.
Komatsu is the third largest
Komatsu is a Japanese manufacturer of construction equipment. In the 1960s, it began exporting construction equipment and other machines to foreign markets. It also began producing diesel engines through a license agreement with the Cummins Engine Company. In the mid-1960s, it also set up a technical research center and opened its first overseas subsidiary, Komatsu Europe S.A. in Belgium. In 1964, Komatsu won the Deming Prize for excellence, an award given by quality guru William Edwards Deming.
The company began as a small subsidiary of the Takeuchi Mining Company in Japan. In 1917, the company started manufacturing bulldozers and antiaircraft artillery shells. The company expanded into other areas and began producing construction equipment for the US and other countries. In 1947, Komatsu launched its first major product, a redesigned bulldozer. From there, the company began producing diesel engines. Yoshinari Kawai, who later became the company’s president, led the company for decades.
In 1989, the company formed a joint venture with Dresser Industries, Inc. in an attempt to reduce its trade surplus with the U.S. government. As a result, Komatsu moved assembly operations to the United States, and the company began using Dresser’s Italian and Norwegian factories at about half their full capacity.
XCMG Group is the fourth largest
The XCMG Group is one of the largest construction equipment suppliers in the world. The company’s products are sold in more than 180 countries. The company’s global sales network includes 20 manufacturing bases in China, over 300 overseas distributors, and over two dozen branch companies abroad.
The company was founded in 1989 and has since expanded to 187 countries. It is best known for its 4000-ton crawler crane, which is considered one of the best in the world. It is ranked as the 122nd largest Chinese enterprise and ranks in the top five construction machinery manufacturers worldwide. Its annual sales exceed US $1.6 billion.
XCMG is the largest construction equipment supplier in China and the third largest in the world. It has enjoyed a fast growth in recent years, and is expected to surpass the $18 billion mark it achieved last year. It is closely followed by Sany Heavy Industry Co., Ltd., which is the second largest Chinese company on the Yellow Table.
XCMG Group has manufacturing bases and R&D centers in over 10 countries around the world. It acquired three companies in Europe including Schwing, and is now the number one brand for concrete machinery in the developed world. The group’s manufacturing base in Brazil represents a unique example of China-Brazil economic cooperation.
Panafrican equipment is a subsidiary of Panafrican equipment
Panafrican equipment is a company that manufactures and sells construction and mining equipment. Its business activities focus on East Africa, including Kenya. It is a leading distributor of Komatsu, Wirtgen Group and AGCO equipment. Its equipment is used in the mining and construction sector, as well as in civil and infrastructure projects.
The Panafrican Equipment Group was founded in 1997 and is now one of the leading suppliers of Komatsu, Wirtgen, and AFCO construction equipment in the region. It also offers after-sales services to meet customers’ demands. The company has grown rapidly in recent years. In 1999, it first operated in a gold mine in Geita, and in 2003, it was working on the Uganda Oil Palm project. In 2005, it opened offices in Dar es Salaam, Tanzania.
Panafrican equipment is an industry leader in providing quality equipment, including specialty attachments like hydraulic hose and GET. Whether you’re looking for a slurry pump or a hydraulic hose, Panafrican has the equipment you need. Through the Panafrican Trade Certification program, participants must demonstrate an understanding of different aspects of the equipment and construction industry. They must also undergo various forms of evaluation.
XCMG is a Chinese construction equipment supplier with strategic vision to reach RMB 100 billion. The company is committed to building a global construction machinery business with world-class technology. It has won many awards, including the National Award for Progress in Science and Technology, 14th National Quality Award, and Achievement Award for National Accredited Technical Center. It also holds honorary titles such as National Exemplary Enterprise in Technological Innovation, National Advance Grassroots CPC Organization, and Meritous Enterprise in Equipping China.
XCMG has developed several innovative products over the years. Its products have contributed to various construction projects around the world. These include the FIFA World Cup Qatar 2022 stadium, the 480-kilometer Mombasa-Nairobi Railway, and Africa’s largest Dangote refinery project. It has also made significant contributions in the community, donating more than 160,000 articles of clothing and nearly RMB 70 million to disaster relief efforts. In addition, it has built China’s first excavator and crane.
XCMG has a global presence, with products sold in more than 180 countries. These include countries along the Belt and Road Initiative. The company has 20 manufacturing bases in China and more than 300 overseas subsidiary companies. It also has more than 160 offices and branch companies overseas.
Zoomlion is a construction equipment supplier that specializes in high-tech construction equipment. The company was founded in 1992 and is known for its innovative spirit. Since then, it has been developing and manufacturing major equipment. Its products range from construction machinery to intelligent agricultural machines to advanced construction materials.
The company has several manufacturing bases in China and around the world. Its research and development centre in Yorkville, Wisconsin, USA, is staffed by technical experts and equipped with the latest technologies. This research and development center is charged with introducing new products and providing support to customers around the world. It also keeps track of global market trends and current customer needs.
Zoomlion has a huge manufacturing facility in Changsha, China. The facility covers 6,60,000 square meters. The company is a leader in China’s construction equipment market. Its new products include the 350T All Terrain Crane and other high-quality construction equipment. Its executives welcomed the audience and thanked them for attending.
To help streamline their manufacturing processes, ZOOMLION Concrete decided to implement Teamcenter as its common PLM platform. The company chose the software because it provided comprehensive functionality, could integrate with existing CAD systems, and offered flexible service-oriented architecture. It also selected a good local service provider for the implementation of the software.